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[ad_1] BEIJING — Asian stocks followed Wall Street higher Friday ahead of a United States inflation update traders hope might prompt the Federal Reserve to ease plans for more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices declined. Wall Street rose Thursday as worries about the global financial system eased following…
[ad_1] TOKYO — Asian shares were mostly higher Thursday following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks receded. Forceful actions by regulators have helped to calm markets as investors have turned their focus to how central banks might adjust their interest rate policies to…
[ad_1] GENEVA — Credit Suisse violated a plea agreement with U.S. authorities by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes, U.S. lawmakers said Wednesday, releasing a two-year investigation that detailed the role employees at the embattled Swiss bank had in aiding tax evasion by clients. The U.S. Senate…
[ad_1] NEW YORK — Stocks rallied Wednesday as Wall Street shakes off more of the fear that dominated it earlier this month. The S&P 500 rose 1.4% for its fourth gain in the last five days. The Dow Jones Industrial Average climbed 323 points, or 1%, while the Nasdaq composite jumped 1.8%. They followed similar…
[ad_1] WASHINGTON — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference. Regulators closed the bank March 10, shaking the U.S. financial system and triggering fears of a broader banking crisis. But…